Jess Toy

Product Leader working in stealth • formerly Watershed, AngelList, Airbnb • Angel Investor • Chili's Fan

[Jess Toy @jtoyPro]

So exciting to see this live! It was part of the vision for so long, and it’s so satisfying to see it launch! Congrats y’all!

[Naval @naval]

Introducing USVC - a single basket of high-growth venture capital, for everyone.

No accreditation required, SEC-registered, and a very low $500 minimum.

Includes OpenAI, Anthropic, xAI, Sierra, Crusoe, Legora, and Vercel. As USVC adds more companies, investors will own a piece of that too.

Liquidity typically comes when companies exit, but we’re aiming to let investors redeem up to 5% of the fund every quarter. This isn’t guaranteed, but if we can make it work, you won’t be locked up like in a traditional venture fund.

It runs on AngelList, which already supports $125 billion of investor capital.

And I’ve joined USVC as the Chairman of its Investment Committee.
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Go back to the 1500s, you set sail for the new world to find tons of gold - that was adventure capital.

Early-stage technology is the modern version. It says we are going to create something new, and it’s risky. It’s daring.

But ordinary people can’t invest until it’s old, until it’s no longer interesting, until everybody has access to it. By the time a stock IPOs, most of the alpha is gone. The adventure is gone. Public market investors are literally last in line.

This problem has become farcical in the last decade. Startups are reaching trillion dollar valuations in the private markets while ordinary investors have their noses up to the glass, wondering when they’ll be let in.

Investing in private markets isn’t easy. You need feet on the ground. You need judgment built over years. Most people don’t have the patience to wait ten or twenty years for an investment to come to fruition.

But there is no more productive, harder-working way to deploy a dollar than in true venture capital.

USVC enables you to invest in venture capital in a broad, accessible, professionally-managed way, through a single basket of innovation, focused on high-growth startups, at all stages.

It is how you bet on the future of tech: the smartest young people in the world, working insane hours, leveraged to the max, with code, hardware, capital, media, and community. Your dollar doesn’t work harder anywhere.

There is an old line - in the future, either you are telling a computer what to do, or a computer is telling you what to do. You don’t want to be on the wrong side of that transaction.

USVC lets you buy the future, but you buy it now. Then you wait, and if you are right, you get paid.

Get access here:

https://t.co/pAj1sqUsG0

[brett goldstein @thatguybg]

excited to announce the micro relationship engine

it pulls in all your connections and lets you message them on any platform & automatically updates their profiles and CRM records

but don't call it a personal CRM:

[Jess Toy @jtoyPro]

@rollupsHQ Awesome to see! Love the voice work @danhightower !

[Jess Toy @jtoyPro]

Yes! Awesome combo.

[AngelList @AngelList]

Excited to announce that we’ve acquired https://t.co/0BsrnhQvoG’s AI technology that turns dense financing documents into one-page term sheets. We'll integrate this into our fund management product for both emerging & established managers.

Learn more 👇
https://t.co/CgKZdBtm7i

[Jess Toy @jtoyPro]

@ericbahn @leepnet @leepnet is the best 😇

[Jess Toy @jtoyPro]

@ddol @ryanwinchester @ddol that is SO sweet of you! truly honored.

[Celine Halioua @celinehalioua]

hey guess what

we've raised another $45M to extend dog lifespan, led by Bain Capital Ventures (@kevinzhang @ChristinaPhili5 @alysaaco)

bringing total $ raised since I started Loyal 4.5 years ago to $125M

[Watershed @watershed]

Exciting news: we’ve raised a $100M Series C, led by Greenoaks and including @kleinerperkins, @sequoia, and other existing investors.

Read more about what we have in store for our next chapter >> https://t.co/sVCJT2xJzE

[Adam Guild @adamguild]

Exciting news! Owner has raised our $33m Series B.

The round was led by Redpoint and Jack Altman.

Restaurant owners are being crushed online by huge corporations.

We’re using this cash to help them fight back.

•

Just 5 years ago, you’d succeed as a restaurant if you provided great food + great service.

But that’s not enough anymore. The world has moved online. Restaurants must now serve up great food, great service, AND a great online experience.

Failing online kills many restaurants.

•

Huge corporations like Domino’s have dominated in this shift to the online world.

They can afford to spend billions on tech, and they’ve weaponized that. Corporate chains are growing, while independent restaurants are dying.

The mom-and-pops need a platform to level the playing field.

•

That’s where Owner comes in.

Our platform is their website builder, CRM, marketing automation, online ordering, and more — all in one place. Everything restaurants need to succeed online.

We’re like Shopify + HubSpot, for restaurants.

•

Shoutout to Alex Bard (Redpoint) and Jack Altman (Alt Capital) for leading the round.

And to new investors, including…

Scott Belsky, Henry Schuck, Michael Vichich, Horsley Bridge, Activant Capital, TI Platform, Andy Pforzheimer, Cindy Bi, Arash Ferdowsi, Guillermo Rauch.

•

Special thanks to our earliest supporters for their belief in us and help along the way, including…

Jason Lemkin (SaaStr), Alex Bard (Redpoint), Jack Altman (Alt Capital), John Andrew Entwistle, Joshua Browder, Cory Levy, Masha Bucher, Julian Shapiro, Max Mullen, Claire Hughes-Johnson, Max Altman, Parker Conrad, Kimbal Musk, Naval Ravikant, Ryan Petersen, Dylan Field.

•

Finally…

Shoutout to the great team at @Owner. You deserve the credit for getting us here.

I thank God every morning for the opportunity to build Owner with each of you.

We have a really special team, and we’re just getting started. Excited to share what we build next!

[Celine Halioua @celinehalioua]

1 - Loyal has earned what we believe is the FDA’s first-ever formal acceptance that a drug can be developed + approved for lifespan extension

2 - We have 'technical section complete' AKA the 'does it work' data for LOY-001 - our large dog lifespan extension drug - is done

[Jess Toy @jtoyPro]

I joined @watershed this week! I'll be leading our Finance product that enables banks and PE/VC firms to measure and report on their portfolio company emissions. We are hiring—come join me! https://t.co/s7CURMwNb1

[Jess Toy @jtoyPro]

You can now access @vsco's professional photo editing tools and presets on your desktop! https://t.co/B7NEmbsSGf

[Matt Bilotti @MattBilotti]

Data rooms are a critical component of fundraising in private markets.

...but most product options today are nothing more than a place to dump files/folders.

Today we're launching Data Room, which focuses on helping fund managers close new investments.

https://t.co/c8qFm4hP5d

[Jess Toy @jtoyPro]

Another day, another incredible @angellist product launch from @MattBilotti and co!

[AngelList @AngelList]

Introducing: AngelList Data Room.

Impersonal, unintuitive data rooms shouldn't be the first experience your investors have.

Reimagine your fund's data room with modern design, intuitive permissions, & advanced analytics. Make the right first impression. https://t.co/QH9lIvJccD

[Dan Hightower @Danhightower]

No one likes using cap table software.

It's too complicated for many, and not complex enough for others.

That's where AngelList Equity's new AI-powered interface comes in 👇

[AngelList @AngelList]

Introducing the first AI-assistant for cap table management.

Just ask, and AngelList Equity will do it for you.

[Jess Toy @jtoyPro]

Are you a founder looking for guidance on winding down your startup or an investor looking to support these founders? My former AngelList colleague created Onsen to help founders navigate the wind-down process with care, at an affordable price point https://t.co/ht29iXwEAV

[Jess Toy @jtoyPro]

@erica_wenger i would! 🍿

[AngelList @AngelList]

Announcing: Tie Out Assistant

Cap tables are not a source of truth. The only sources of truth are the underlying legal documents and your law firm.

Tie Out Assistant scans legal documents with AI to uncover problems in your cap table.

[Jess Toy @jtoyPro]

I usually post about our fund manager offerings, but the @AngelList team dedicated to products that help startups is absolutely🔥

[Sumukh Sridhara @sumukhsridhara]

I'd bet that almost all cap tables have some kind of meaningful error.

Most times when companies move their cap table to @AngelList from another tool, we spot errors.

Today we're launching an AI powered tool that uses legal documents to address these.

Here's how it works👇